Nov 22 Trump names hedge fund founder Scott Bessent as pick for Treasury secretary By Fatima Hussein, Chris Rugaber, Josh Boak, Chris Megerian, Associated Press President-elect Donald Trump announced Friday that he'll nominate billionaire hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary, one of several personnel decisions that he unveiled as he closed out the workweek. Continue reading
Feb 06 IRS expects to collect hundreds of billions more in unpaid taxes thanks to new funding By Fatima Hussein, Associated Press The report says tax revenues are expected to increase by as much as $561 billion from 2024 to 2034, which is substantially more than previous estimates. Continue reading
Jan 02 U.S. national debt hits record $34 trillion as Congress gears up for funding fight By Fatima Hussein, Associated Press The record high comes after Republican lawmakers and the White House agreed to temporarily lift the nation's debt limit last year after the government ran up against its legal borrowing capacity and needed to implement "extraordinary measures" to avoid default. Continue reading
Dec 07 U.S. sanctions money lending network to Yemen's Houthi rebels, aims to boost maritime protections By Fatima Hussein, Associated Press The White House is encouraging Mideast allies to join the Combined Maritime Forces, a partnership that exists to counter malign action by non-state actors in international waters. Continue reading
Dec 04 Treasury announces strike force as U.S. and China pursue crackdown on illicit fentanyl trafficking By Fatima Hussein, Associated Press The Counter-Fentanyl Strike Force will bring together personnel and intelligence from throughout the Treasury Department to more effectively collaborate on stopping the flow of drugs into the country. Continue reading
Oct 18 U.S. sanctions 10 Hamas members and its financial network over surprise Israel attack By Fatima Hussein, Associated Press Targeted for Treasury Department sanctions are Hamas investment portfolio managers, a key Hamas commander and a Gaza-based virtual currency exchange, among others. Continue reading
Oct 18 U.S. sanctions 10 Hamas members, organization's international financial network By Fatima Hussein, Associated Press Targeted for Wednesday’s Treasury Department sanctions are members who manage a Hamas investment portfolio, a Qatar-based financial facilitator with close ties to the Iranian regime, a key Hamas commander and a Gaza-based virtual currency exchange. Continue reading
Mar 23 WATCH: Yellen testifies on Biden's proposed 2024 federal budget before House Committee By Associated Press Treasury Secretary Janet Yellen will testify before a House Appropriations Committee on Monday as she continues to make assurances that the banking system is safe. Continue reading
Feb 27 Treasury Secretary Yellen visits Ukraine, underscores U.S. economic support By Hanna Arhirova, Associated Press U.S. Treasury Secretary Janet Yellen says her first visit to Ukraine underscores Washington's commitment to continuing its economic support for the country. Continue reading
Jan 30 Treasury Department to increase borrowing amid debt ceiling standoff By Fatima Hussein, Associated Press The move highlights the ongoing debate over federal spending that has overtaken Washington, as the U.S. government is on track to max out on its $31.4 trillion statutory borrowing authority — also known as the debt ceiling. Continue reading